Market Report

Global Automotive Artificial Intelligence (AI) Market to grow at a CAGR of 37.32% during the period 2018-2022, says report

Global Automotive Artificial Intelligence (AI) Market will grow at a CAGR of 37.32% during the period 2018-2022 according to a report by ReportsnReports. Automotive AI can be defined as the technological capability of the machine to make logical decisions based on certain parameters without the aid of a human.

Key players in the Global Automotive Artificial Intelligence (AI) Market are Alphabet, TomTom, Bosch, HARMAN International, Delphi, and NVIDIA. Commenting on the report, an Automotive Artificial Intelligence (AI) Market analyst one trend affecting this market is advent of infotainment systems powered by automotive AI.

According to another report by MarketResearchFuture, the emergence of cloud-hosted intelligence, driver assist features and internet of thing the market for automotive artificial intelligence is expected to witness significant growth in the near future. Changing consumer preference towards convenience and safety provides an opportunity for original equipment manufacturers in the automotive AI market. High cost and relative lack of awareness among consumers is expected to act as a major restraint in the automotive AI market.

A MarketsandMarkets report says the automotive artificial intelligence (AI) market is expected to be valued at USD 782.9 Million in 2017 and is expected to reach USD 10,573.3 Million by 2025, at a CAGR of 38.46% between 2017 and 2025. The report further says that software will hold the largest automotive AI market by 2025 and North America will be the largest market.

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